India's top biggie banks like SBI, ICICI Bank and HDFC Bank still to follow the cues from the central bank.

A hike in the base rates and the BPLR means that home loans, car loans and personal loans would turn expensive both for existing and new borrowers. Now, the loan borrowers will have to shell out more money in their EMIs. On the flip side, this may be a good news for savers in a bid to rise in deposit rates.